MSP Recovery, Inc.
- Market Cap (Float-Adj) (Float-adjusted market cap computed by the low-float screener — matches the screener row. May differ from the standard cap (price × all shares outstanding) reported elsewhere.)
- $14
- Price
- $0.000001
- Volume
- 11.2K
About
MSP Recovery, Inc. specializes in healthcare claims recovery and data analytics, serving clients throughout the United States and Puerto Rico. The company provides extensive services, enabling itself, associated parties, and third-party organizations to effectively pursue their rights for healthcare claim recovery. A notable offering is its "Chase to Pay" service, which aids healthcare providers in accurately identifying the correct primary insurer at the time of service, thereby preventing mistaken payments. Furthermore, MSP Recovery, Inc. developed "LifeWallet," a platform designed to help users locate and manage their medical records. The company was founded in 2014 and is headquartered in Coral Gables, Florida.
Quick stats
Shares outstanding13.8M
Computed float3.5M
Float / shares25.5%
Key info
SectorHealthcare
IndustryMedical - Healthcare Information Services
CIK (Central Index Key — the unique ID the SEC assigns to every filer. Use it to look up the company's filings on EDGAR.)0001802450
Websitehttps://www.msprecovery.com
AI Summary
AI-generated1/19
majorbearishdebt financing
MSPR: 8-K · debt financing
MSP Recovery disclosed that in September 2026 it obtained seven small discretionary advances totaling roughly $0.69 million from lender Hazel Partners and four one-time advances totaling roughly $0.12 million from JV partner VRM MSP Recovery Partners, all to cover operational expenses. The company stressed that these are standalone accommodations that do not reinstate availability under its working capital credit facility and that it has no rights to or expectation of further funding.
Red flags
- No committed liquidity — working capital facility provides no borrowing base and no obligation for Hazel to fund
- Company explicitly cautions advances are not indicative of future funding or ability to meet operating and debt service obligations
- Two independent directors (Arrigo, Assapimonwait) resigned effective immediately within four days
- Prior Operational Collection Floor capacity fully exhausted (~$6.0M advanced as of Q3-2025 10-Q)
- Dependence on sub-$50K advances to cover routine operational expenses signals acute cash distress
- Lenders repeatedly reserve all rights; HC Case Proceeds collections pledged as collateral